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Nexus Gold Expands Newfoundland Holdings In Canada

Mining News - Published on Tue, 25 Jun 2019

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Nexus Gold Corp announced that it has reached a further agreement with Robert Stares, an arms'-length party, to acquire two additional exploration stage gold projects, the Black Ridge Gold Project and the Bauline Epithermal Gold Project, in Newfoundland, Canada. The Black Ridge Gold Project is a high-grade gold-silver-copper prospect that features several known mineral occurrences, including areas that have produced samples of 15.8 grams-per-tonne gold, 15.5 gram per tonne Au, 12.1% copper and 143 gram per tonne silver. The Bauline Epithermal Gold project also contains multiple gold occurrences up to 2.8 gram per tonne Au. The acquisition of Black Ridge and Bauline, along with the previously announced GB Copper-Gold Project, now gives the Company a total of 3,325-hectares of highly prospective gold-silver-copper exploration ground in Newfoundland.

Mr Alex Klenman president & CEO of Nexus Gold said that "We were eager to add additional ground to the Newfoundland portion of our project portfolio. We really like the jurisdiction, it is a growing gold and precious metals exploration destination, with lots of regional success reported in recent months. We feel consolidating a good land position there, at this time, is an excellent value-add strategy. There has been some high-grade sampling done on the projects to date, with lots of ground left to cover. As the gold price edges higher, we're confident adding these and our other Canadian projects will greatly benefit our long-term goals while complimenting our continuing West African exploration efforts."

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Posted By : Mohan Sharma on Tue, 25 Jun 2019
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